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A comment on Zimbabwe offers new exchange rate: $1 for 35,000,000,000,000,000 old dollars. Parent comment

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by Evgeniuz on Friday June 12, 2015 @05:16AM (#9704773)
You can just buy some on eBay.

I once made a wager (which I lost) with a friend for "a million dollars" as a joke, but then found that you can just buy trillions (at the time) of zimbabwean dollars easily, so I bought some and delivered :) Funnily, they sell it on eBay at a price higher than their exchange rate (and that's excluding shipping).

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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by knocte on Friday June 12, 2015 @05:27AM (#9704817)
>Funnily, they sell it on eBay at a price higher than their exchange rate

Doing the opposite of that would mean a man delivering letters with money in them with nothing in return. Sounds too philanthropic, especially when we're talking about money here.

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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by Evgeniuz on Friday June 12, 2015 @05:39AM (#9704844)
I haven't thought about it this way, this actually makes sense. Insane margins threw me off.
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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by nostrademons on Friday June 12, 2015 @05:26AM (#9704811)
Doesn't that allow an arbitrage situation, where you can buy Zimbabwe dollars through official channels and then sell them on E-bay for more than they cost you? Or maybe the "official" exchange rate is depressed through shortages and risk in completing the transaction.
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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by Evgeniuz on Friday June 12, 2015 @05:35AM (#9704834)
I think supply/demand may get in the way: not that many people need zimbabwean dollars, just some collectors and those who seek them for novelty value. Market will become saturated pretty quickly.
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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by yincrash on Friday June 12, 2015 @08:08AM (#9705337)
There are also websites that try and pump up the currencies as get rich schemes.[1]

[1]http://www.reddit.com/r/personalfinance/comments/2gzafs/spou...

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